Charlotte’s Web (TSE:CWEB) Trading Up 19.4% – Here’s What Happened

Charlotte’s Web Holdings, Inc. (TSE:CWEB) shares were up 19.4% on Thursday . The stock traded as high as C$0.37 and last traded at C$0.37. Approximately 225,205 shares changed hands during trading, an increase of 39% from the average session volume of 162,409 shares. The stock had previously closed at C$0.31.

Charlotte’s Web Stock Performance

The firm has a market cap of C$102.81 million, a PE ratio of -1.65 and a beta of 1.01. The company has a current ratio of 3.35, a quick ratio of 1.41 and a debt-to-equity ratio of -431.59. The firm’s 50 day simple moving average is C$0.49 and its 200 day simple moving average is C$0.70.

Charlotte’s Web (TSE:CWEB) last posted its earnings results on Wednesday, May 13th. The company reported C($0.11) EPS for the quarter. Charlotte’s Web had a negative return on equity of 2,056.41% and a negative net margin of 74.93%.The firm had revenue of C$11.16 million during the quarter. On average, research analysts forecast that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal year.

About Charlotte’s Web

Charlotte’s Web Holdings, Inc, a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte’s Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol (‘CBD’), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs.